🚨 ETH Mood Check: From Panic to Confidence!

Glassnode’s Net Unrealized Profit/Loss (NUPL) just delivered a dramatic plot twist in Ethereum’s story from investor capitulation to full-blown bullish belief!

That shift? It’s the secret sauce behind ETH’s impressive Q2 rally and if the macro wind keeps blowing in our favor, more ETH accumulation could be just around the corner. 🧠💎

🧩 Breaking It Down:

* Capitulation Phase: When investors hit the panic button, selling at a loss.

* Belief Zone: Now, they're confident again holding, buying, and moving forward.

* This emotional rebound has fueled the surge in ETH price and the momentum is building.

🚀 Why Binance Traders Should Pay Attention:

* Confidence means smart money honed in follow the trail!

* With macro tailwinds (like ETH ETFs, Layer-2 adoption), this could be the perfect setup for new entries.

* Keep an eye on ETH’s consolidation alongside BTC this could lead into another breakout.

🔥

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Picture source: Glassnode